Calculate retained earnings for Kate’s Bike Shop at December…

Calculate retained earnings for Kate’s Bike Shop at December 31, 2024 using the information in the adjusted trial balance provided in this section of the quiz. Kate’s Bike Shop Calculation of Retained Earnings Year Ended December 31, 2024     Retained Earnings Balance, January 1 Blank #1 Net income Blank #2 Dividends declared Blank #3 Balance, December 31 Blank #4 When entering numerical responses, do not include dollar signs, commas, spaces or decimals. Enter items that need to be deducted with a negative sign in front of the number.

A group of 150 lamps is being marked down from $60 each to $…

A group of 150 lamps is being marked down from $60 each to $49.99. At the first markdown, 60 are sold. The remaining lamps are marked to $39.99 and 30 are sold. Finally, the remaining lamps are reduced to $19.99 and another 30 are sold. What is the total markdown $ amount?